Fixed Income Investor Information

A Strong Financial Foundation

Manageable maturity schedule and strong credit ratings provide financial flexibility for fixed income investors.

Debt Maturity Profile

($ in Millions)	2019	2020	2021	2022	2023	2024 and Beyond	Total
PPL Capital Funding	$0	$0	$0	$800	$600	$3,130	$4,530
PPL Electric Utilities	0	100	400	474	90	2,675	3,739
LG&E and KU Energy	0	475	250	0	0	0	725
Louisville Gas & Electric	434	0	98	0	0	1,293	1,824
Kentucky Utilities	96	500	0	0	13	1,733	2,342
WPD plc	0	0	500	0	638	648	1,786
WPD Operating Companies	0	191	0	0	893	4,665	5,748
Total	$530	$1,266	$1,248	$1,274	$2,233	$14,143	$20,694

Current Credit Ratings

Current credit ratings as of Dec. 31, 2018

Senior Unsecured Ratings

Entity	Moody's	S&P
PPL Capital Funding, Inc.	Baa2	BBB+
Western Power Distribution plc	Baa3	BBB+
Western Power Distribution (East Midlands) plc	Baa1	A-
Western Power Distribution (West Midlands) plc	Baa1	A-
Western Power Distribution (South Wales) plc	Baa1	A-
Western Power Distribution (South West) plc	Baa1	A-
LG&E and KU Energy LLC	Baa1	BBB+

Senior Secured Ratings

Entity	Moody's	S&P
Louisville Gas and Electric Company	A1	A
Kentucky Utilities Company	A1	A
PPL Electric Utilities Corporation	A1	A

PPL statement regarding Labour Party’s plan to take the U.K. energy sector into state ownership

Read the company's statement.

LG&E and KU’s Solar Share Program celebrates major milestone

Construction begins on the first 500-kilowatt section of its new solar facility.

2018 Sustainability Report

New report presents energy forward approach to climate change and risk management and presents a comprehensive record of PPL’s 2018 ESG performance.